The Patents Act

The Patents Act is a legal framework that grants inventors exclusive rights to their inventions for a certain period, typically 20 years. This encourages innovation by providing inventors the opportunity to profit from their creations while disclosing their details to the public. The act outlines who can apply for a patent, what inventions qualify, and the procedures for registration, renewal, and enforcement. It also sets limits on patent rights to prevent abuse and promote competition, ensuring that patents serve the public interest by balancing innovation incentives with access to new technologies.